Tariffs can have the unintended consequences of raising consumer prices and impacting the stock market. Two of the largest contributors to the market's gains in recent years were the consumer tech giant Apple ( AAPL 0.20%) and the artificial intelligence chip king Nvidia ( NVDA -0.02%). Which will be impacted the most by Trump's looming tariffs?
A P/E comparison: Since Nvidia is expanding quite fast, its premium P/E (Price to earnings) ratio of 46% compared to Apple justifies it. If Nvidia continues its pitch, analysts say it will be sixth time lucky, dethroning Apple as early as 2025.
Apple, NVIDIA and the Vision Pro
To that end, the computer starts at $3,000 and comes with a 20-core GB10 Grace Blackwell Superchip and 128GB of unified memory. Configuring a Mac mini with the M4 Pro chip, which has a 14-core CPU, and 64GB of RAM, costs $2,499 with 1TB of storage. A 1TB Mac Studio fitted with a 24-core M2 Ultra and 128GB of RAM brings the price to $4,799.
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Panasonic TVs are making a comeback in the U.S. Built around Panasonic's HCX Pro AI Processor MKII, its new OLED TV offers support for HDR10/HDR10+/Dolby Vision/HLG and Dolby Atmos audio. On the gaming front, you get a 120Hz panel with VRR, AMD FreeSync Premium, and NVIDIA G-Sync support. It comes in 55- and 65-inch size options.
As a result, the race for the title of world's most valuable company by the end of 2025 is likely between just Nvidia and Apple, barring major news from Microsoft that vaults it into the lead. Apple has held the title pretty much since 2011, but can Nvidia take it over by the end of the year?
TSMC, the world's largest contract chipmaker, reported on Friday fourth-quarter revenue that easily beat market forecasts and hit its own expectations as it reaped the benefit of artificial intelligence demand.